New Trends in Credit Card Processing The payment landscape is shifting in every direction. From mobile payments and online transactions to updated point of sale and retail technologies, the way consumers are paying for their goods is changing. For businesses, this means changing the way they do business and moving with change of winds. One of the most popular forms of payments are via credit cards, and for the meantime (at least), that isn’t going to change. However, the method in which credit card processing occurs has already begun to shift. Here are trends in credit card processing happening right now. Online Payment Processing Online payments have changed the way credit card processing occurs, with no sign of slowing down. Many consumers have given up the magnetic strip for typing (and saving) their credit card information online. Many businesses favor the ability to securely save credit card information on file, with the convenience of charging the customer without them being ...
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Showing posts from May, 2014
Deception in Credit Card Processing Statements
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Credit Card Processing Statements Can Be Deceptive It's 2014 and businesses are getting in gear for the new year. The problem is that many companies don't even realize how much they are "actually" paying for credit card processing . The merchants statements provided by most processors are designed with one thing in mind: to fool you. Quantum Merchant Services statements are easy to understand and contain no hidden fees or hard to read numbers. I have seen companies like Bank of America charge non-qualified cards (business credit cards) at 14% and the business had no idea! The important thing is first, never sign a contract (say it again, this time with feeling). The second thing is, find out if your processor is hitting you up with hidden fees. Starting every new relationship is a good time to reassess your bills and make sure you are not overpaying for services. For many, merchant services should be the first place you look to for savi...
Credit Card Processing Point Of Sale Quantum Merchant Services
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topcreditcardprocessors.com Reveals Quantum Merchant Services as the Fourth Top Point of Sale Service for the Month of May 2014 PRWEB.COM Newswire (PRWEB) May 02, 2014 The independent authority on payment processors, topcreditcardprocessors.com, has named Quantum Merchant Services the fourth best point of sale system for May 2014. Quantum Merchant Services was selected due to their impressive performance in the in-depth evaluation process. Thousands of systems are considered while only the 30 best are featured in the rankings. The process for researching and naming the top services offering point of sale solutions involves a rigorous analysis of the vital strengths of each individual system. The five areas of evaluation associated with successful point of sale projects include efficiency, competitive rates, customer support, reliability, and variance. The results of this process are used to uncover which companies to include within the recommendations each month. The recommend...